LIBROS DEL AUTOR: bradford jordan

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  • The Arbitrage Model of Security Returns
    Bradford Jordan
    Abstract:Over the last two decades, the Capital Asset Pricing Model (CAPM) has emerged as the dominant theoretical basis for much of the research in financial economics. Because direct observation of the market portfolio is a pre-requisite for any valid application of the CAPM, it cannot serve as a theoretical basis for empirical research in securities markets. The Arbitrage Pr...
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